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what is the tag <VALUE-OF> really do how can I change the value between <VALUE-OF>x</VALUE-OF>

Hi there
Any one can help me about tag <!VALUE-OF> and what it is really do.
Thanks in advance ! (I changed <!!!!VALUE-OF> to <!VALUE-OF> and <!!!script> to <!script> can see it in post)
I have an array called “myArray” defined in Report Design “initialize” function
myArray = [];
Index = 0;
ArrayLength=0;
totalList= [];
In data onFetch function the value are assigned to the array and ArrayLength.
Now I am try to use them in one of the text item (HTML/list)
<!script>
function myFunc() {